To amend the Internal Revenue Code of 1986 to modify the rules for investments in qualified opportunity funds, and for other purposes.

House Bill

H.R. 7820

119th Congress

To amend the Internal Revenue Code of 1986 to modify the rules for investments in qualified opportunity funds, and for other purposes.

In Committee

Introduced:Mar 5, 2026

Primary Sponsor

Sheila Cherfilus-McCormick

D - FL

Cosponsors

0

Quick Stats

Summary

This bill would change the tax rules for Qualified Opportunity Funds, investment vehicles designed to direct private capital into economically distressed communities in exchange for tax benefits. By modifying these investment rules, the legislation aims to adjust how investors can receive tax advantages while funding projects in low-income areas across the country.

Latest Action

Referred to the House Committee on Ways and Means.

Introduced3/5/2026

StatusReferred to the House Committee on Ways and Means.

ChamberHouse

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Vote Prediction

To amend the Internal Revenue Code of 1986 to modify the rules for investments in qualified opportunity funds, and for other purposes.

This bill would change the tax rules for Qualified Opportunity Funds, investment vehicles designed to direct private capital into economically distressed communities in exchange for tax benefits. By modifying these investment rules, the legislation aims to adj

Community Breakdown

Pass

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Fail

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This bill would change the tax rules for Qualified Opportunity Funds, investment vehicles designed to direct private capital into economically distressed communities in exchange for tax benefits. By modifying these investment rules, the legislation aims to adjust how investors can receive tax advantages while funding projects in low-income areas across the country.

Bill Number: 7820
Introduced: 3/5/2026
Status: Referred to the House Committee on Ways and Means.

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: To amend the Internal Revenue Code of 1986 to modify the rules for investments in qualified opportunity funds, and for other purposes.
Bill Number: 7820
Sponsor: No sponsor
Status: Referred to the House Committee on Ways and Means.
Introduced: 3/5/2026
Summary: This bill would change the tax rules for Qualified Opportunity Funds, investment vehicles designed to direct private capital into economically distressed communities in exchange for tax benefits. By modifying these investment rules, the legislation aims to adjust how investors can receive tax advant

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would change the tax rules for Qualified Opportunity Funds, investment vehicles designed to direct private capital into economically distressed communities in exchange for tax benefits. By modifying these investment rules, the legislation aims to adjust how investors can receive tax advantages while funding projects in low-income areas across the country.

Last updated: 3/6/2026

Key Points

Main provisions of the bill

Modifies tax incentives for investments in designated low-income 'Opportunity Zones' that were created to spur economic development in struggling communities
Could affect how private investors, real estate developers, and businesses approach investment decisions in economically distressed neighborhoods
Changes may impact the timeline, requirements, or benefits associated with deferring or reducing capital gains taxes through these special investment funds
Represents an adjustment to the Opportunity Zone program originally created in the 2017 Tax Cuts and Jobs Act

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily affect investors with capital gains seeking tax benefits, as well as residents of low-income communities designated as Opportunity Zones who may see changes in investment patterns in their neighborhoods. The modifications could either strengthen economic development efforts in distressed areas or adjust program parameters based on lessons learned since the program's creation, potentially affecting job creation, housing development, and business growth in these communities.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

7820, 119th Congress (2026). "To amend the Internal Revenue Code of 1986 to modify the rules for investments in qualified opportunity funds, and for other purposes.". Source: Voter's Right Platform. https://votersright.org/bills/119-hr-7820

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